By Vaibhav Tanddon, includes “Juggling is a skilled art requiring precise manipulation of objects. Achieving proficiency requires great balance and coordination. A comparable form of legerdemain is found in the economic and financial world. Budgetary juggling involves the use overly generous economic assumptions or accounting gimmicks to create the illusion of solvency. Practitioners are often countries in severe financial difficulty. In the end, though, fiscal juggling of this kind makes problems worse, not better. … The more involvement of the public, global agencies, and stakeholders, the better it is for the economy.”
Read the full article on: Northern Trust Global Economic Research